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Welcome to 28-32 44th Street, a completely detached, four-story, 12-unit rent-stabilized building situated just off 30th Avenue in the heart of Astoria, Queens. This exceptional investment property features a full basement and three distinct one-bedroom layouts, providing flexibility and appeal to a variety of tenants. Each of the 12 one-bedroom units is thoughtfully designed with plenty of windows, ensuring an abundance of natural light throughout the building. The property’s detached structure enhances privacy and ventilation, making it even more desirable for tenants. Astoria remains one of the most sought-after rental markets, ensuring strong occupancy rates and consistent rental income. With its proximity to major transit, vibrant dining, and retail corridors, this property presents a compelling opportunity for investors seeking long-term value appreciation in a high-demand neighborhood. Annual Rent Roll: $277, 139 NOI: $174, 000 Property Taxes: $26, 066 Building Dimensions: 19x 89 Lot Size: 25x100
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,160,000 | $2,160,000 | $2,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.739% | 6.309% |
Monthly Tax Payment | $2,173 | $2,173 | $2,173 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,434 | $13,831 | $18,374 |
Total Monthly Payment | $14,731 | $16,128 | $20,671 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.